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Amazon Wholesale India revenue declines 70% in FY20 Amazon Wholesale India attributed the drop to the change in the government regulation resulting in lower customer adoption. The government had introduced Press Note 2 with an aim to bring a level playing field between online and offline retailers in December 2018. It got implemented in February 2019. December 24, 2020 / 10:29 PM IST Amazon Wholesale buys products in bulk from manufacturers and sells to platform sellers who sell on its marke...

Amazon Wholesales revenue slumps 70% due to change in Indias FDI rules SECTIONS Last Updated: Dec 25, 2020, 09:10 AM IST Share Synopsis The decline in revenue could be attributed to a change in India’s FDI rules, which disallowed sellers on e-commerce marketplaces from purchasing more than 25% of their goods from related entities related to the marketplace. Reuters Revenue of Amazon India’s wholesale unit fell 70% to Rs 3,387 crore in the fiscal ended March 31, 2020, due to a change in gove...

Cloudtail India revenue rises 28% to Rs 11,413 crore in FY20 The wholly owned subsidiary of Prione Business Services, a venture of Amazon.com, Inc and Infosys co-founder NR Narayana Murthy’s Catamaran Ventures, Cloudtail India posted a profit of Rs 68 crore in FY20 December 11, 2020 / 10:26 PM IST Cloudtails profit stood at Rs 29.4 crore during the previous fiscal. (Source: Reuters) Cloudtail India, the largest seller of Amazon India has reported a 27.76 percent increase in its revenue to ...